Which account would be credited if the following labor wages were incurred in a furniture manufacturing company? Assembly workers $20,000 $11,000 Janitors A) Work-in-Process Control, 31,000 B) Manufacturing Overhead Control, 31,000 C) Wages Payable Control, 31,000 D) Accounts Payable Control, 31,000

The following information is available for Wonderway, Incorporated, for the current year: Factory rent Company advertising Wages paid to laborers Depreciation for president's vehicle Indirect production labor Utilities for factory Production supervisor's salary President's salary Direct materials used Sales commissions Factory insurance Depreciation on factory equipment $ 29,300 20,800 85,200 8,050 1,880 31,900 30,700 60,800 34,900 7,530 13,100 26,500 Required: 1. Calculate the direct labor cost for Wonderway. 2. Calculate the manufacturing overhead cost for Wonderway. 3. Calculate the prime cost for Wonderway. 4. Calculate the conversion cost for Wonderway. 5. Calculate the total manufacturing cost for Wonderway. 6. Calculate the period expenses for Wonderway. 4

Cavy Company accumulated 540 hours of direct labor on Job 456 and 710 hours on Job 777. The direct labor was incurred at a rate of $18 per direct labor hour for Job 456 and $23 per direct labor for Job 777. Journalize the entry for the flow of labor costs into production. If an amount box does not require an entry, leave it blank. Work in Process Factory Overhead 8

Using the attached Prepare a schedule of cost of goods manufactured.

1. How much overhead would have been charged to the company’s Work-in-Process account during the year? 2. Comment on the appropriateness of the company’s cost drivers (i.e., the use of machine hours in Machining and direct-labor cost in Assembly).

work Required information [The following information applies to the questions displayed below.] The following information is available for Lock-Tite Company, which produces special-order security products and uses a job order costing system. April 30 May 31 Inventories Raw materials Work in process $ 29,000 9,600 51,000 Finished goods Activities and information for May Raw materials purchases (paid with cash) Factory payroll (paid with cash) Factory overhead Indirect materials Indirect labor Other overhead costs Sales (received in cash) Predetermined overhead rate based on direct labor cost 1. Incurred other overhead costs (record credit to Other Accounts). 2. Applied overhead to work in process. Prepare journal entries for the above transactions for the month of May. View transaction list Journal entry worksheet

Answer 15-16. Please show step by step and explanation, thank you! 15) The Silver Corporation uses a predetermined overhead rate to apply manufacturing overhead to jobs. The predetermined overhead rate is based on labor cost in Department A and on machine-hours in Department B. At the beginning of the year, the Corporation made the following estimates: Department A Direct labor cost Manufacturing overhead $ 40,000 $ 45,000 6,000 9,000 Machine-hours 2,000 5,000 What predetermined overhead rates would be used in Department A and Department B, respectively? Direct labor-hours A) 300% and $9.00 B) 150% and $5.00 C) 150% and $3.00 D) 67% and $5.00 A) B) C) D) 16) system? Which of the following would usually be found on a job cost sheet under a normal cost Actual manufacturing overhead cost Actual direct material cost Yes Yes No No $ 30,000 $ 90,000 A) Choice A B) Choice B C) Choice C D) Choice D Department B Yes No Yes No

Accounting for labor Journalize the following labor-related transactions for Portland Glass Creations at its Plant in Portland, Oregon. Assume that the labor has been incurred, but not yet paid.

Prepare the journal entry for (a) materials and (b) labor, based on the following:   Raw materials issued: $850   for Job 609   $300   for general use in the factory         Labor time tickets: $900   for Job 609   $325   for supervision

Assume that actual overhead costs were $78,000 and overhead allocated to jobs was $58,000. The unadjusted balance in Manufacturing Overhead would be was O A. $20,000 credit balance; overapplied O B. $20,000 credit balance; underapplied OC. $20,000 debit balance; underapplied O D. $20,000 debit balance; overapplied because the overhead